Retirement plan

I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUND

Name: BOARD OF TRUSTEES I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUND - I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUND (2017) Form 5500
Creator: BOARD OF TRUSTEES I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUND, BOARD OF TRUSTEES I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUND

BOARD OF TRUSTEES I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUNDEIN 22-2410262Plan #001PY 2017

27 ROLAND AVENUE, SUITE 200 - MOUNT LAUREL, NJ 080541057732-545-3210

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$41.2M

+5.0% from 2016

Total participants

562

-4.9% from 2016

Average account balance

$93,601

+26.0% from 2016

Annual return

6.30%

+4.85 pp from 2016

Benchmarks

See 1,124 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,124 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$56.14M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$144K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

389

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

56.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.76%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$420

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS Service code 15 · EIN 01-0233346	Recordkeeping	$186,557
FRANK M. VACCARO & ASSOCIATES2 years Filed as: FRANK M. VACCARO & ASSOCIATES, INC. Service code 13 27 ROLAND AVE · MOUNT LAUREL, NJ 080541057	Contract Administrator	$76,841
RBC WEALTH MANAGEMENT3+ years Service code 27 · EIN 23-2384840	Advisory (Plan)	$19,334
MSPC2 years Filed as: MSPC, CPA'S AND ADVISORS, P.C. Service code 10 · EIN 22-2951202	Accounting	$15,946
METS SCHIRO & MCGOVERN2 years Filed as: METS SCHIRO AND MCGOVERN Service code 29 · EIN 75-3116930	Legal	$14,896
BASIL CASTROVINCI ASSOCIATES INC2 years Filed as: BASIL CASTROVINCI & ASSOCIATES, INC Service code 16 · EIN 13-2831500	Consulting	$10,200

Plan features & details

Pension benefit codes2C2G2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$152K

$277 / participant

Investment mgmt$20K12.9%
Contract admin$77K50.6%
Other / not subdivided$56K36.6%

% of EOY assets

0.369%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MSPC CERTIFIED PUBLIC ACCOUNTANTS A
Auditor EIN: 222951202
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,601

$60,545+54.6%

$92,240+1.5%

$69,631+34.4%

Participation rate

77.7%

72.2%+5.6pp

76.5%+1.3pp

70.7%+7.1pp

Annual return

6.30%

19.71%-13.4pp

176.29%-170.0pp

27571.02%-27564.7pp

Employer contribution / active EE

$4,058

$2,633+54.1%

$3,680+10.3%

$2,032+99.7%

Participant deferral / active EE

$2,828-100.0%

$3,897-100.0%

$3,224-100.0%

Admin fee / account holder

$345

$145+138.5%

$5,194-93.4%

$110+212.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS

Service code 15 · EIN 01-0233346

Recordkeeping

$186,557

FRANK M. VACCARO & ASSOCIATES2 years

Filed as: FRANK M. VACCARO & ASSOCIATES, INC.

Service code 13

27 ROLAND AVE · MOUNT LAUREL, NJ 080541057

Contract Administrator

$76,841

RBC WEALTH MANAGEMENT3+ years

Service code 27 · EIN 23-2384840

Advisory (Plan)

$19,334

MSPC2 years

Filed as: MSPC, CPA'S AND ADVISORS, P.C.

Service code 10 · EIN 22-2951202

Accounting

$15,946

METS SCHIRO & MCGOVERN2 years

Filed as: METS SCHIRO AND MCGOVERN

Service code 29 · EIN 75-3116930

Legal

$14,896

BASIL CASTROVINCI ASSOCIATES INC2 years

Filed as: BASIL CASTROVINCI & ASSOCIATES, INC

Service code 16 · EIN 13-2831500

Consulting

$10,200

I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion